8 replies to this topic

[NAV]

As much as i hate to make price projections, based on the pattern, momentum on daily charts and dynamic supports on daily, i have some targets which should be acheived within a week. ES 1442-1444, NQ 1800-1805. Violation of today's highs on a hourly closing basis will invalidate these projections. I remain short NQ from 1854 with a stop above today's highs. Based on my 30-min charts, it appears that we will start with a gap-down on Monday. FWIW. Have a good weekend all !

[NAV]

Typo - Make that ES 1452-1454, NQ 1800-1805. And if we get a gap-down on Monday, the pavlovian response may not help, cuz it's gonna be an island reversal ! Good luck trading all !

[golden]

Based on my 30-min charts, it appears that we will start with a gap-down on Monday. FWIW.

It's worth plenty.

[89S10]

NAV, Where do you stand? It looks like we are closing at today's high prices. I have the 3:00 pm hour closing at 1492.25 and the last 15 minutes (final close) at 1493.25.

Edited by 89S10, 20 April 2007 - 03:16 PM.

[NAV]

NAV,

Where do you stand? It looks like we are closing at today's high prices.

I have the 3:00 pm hour closing at 1492.25 and the last 15 minutes (final close) at 1493.25.

I will update on today's action in my blog this weekend.

[jjc]

I went short at the close 1/4 position, I'm now figuring out if I want to add to it Sunday evening.... Let me add here: 76.7% win performance on a sell signal at the close here based on 30 minute bar; This says nothing about which way it will gap; the close out of this trade is the 20 ema on the 30 bar. Ave Profit to inter-trade Max Drawdown ratio at 0.53; Recent history for this trade running slightly above par. Not a bad short here based on that alone. I'm still analyzing.. here I'll fill this out more on this thread later if people are intrested..

[Tor]

Why is everyone shorting for? The bulls must be having a field day and remainin control for now. A vacuum to the upside has been created. Lok for better signs of a reversal IMHO.

[eminimee]

I'm so short...you can't see me.

[Mtrader]

NDX 1875